Amidst all the heavy promotional advertising that creates fear about the threat of “financial” ID theft and fraud, it’s time to educate yourselves about the greater threats beyond your bank or credit union. The 2013 FTC Consumer Sentinel Report statistics indicate that 79% of all ID theft and fraud occurs outside of the financial world. One of the non-financial segments growing rapidly with ID theft and fraud is healthcare.
The bottom line is that individual medical records can be stolen or perhaps worse, manipulated by thieves, to use your identity to pay for their treatments. And the ultimate risk is the chance of mixing the medical data of the thieves with your own… thus potentially compromising the accuracy of your own medical records.
According to a 2012 report authored by the Ponemon Institute and the Health Information Trust Alliance, 94% of 80 health organizations that took part in a survey admitted to at least one data breach during the previous 24 months; 45% said they knew about at least five data breaches, compared to 29% in the previous report. And over half of all these health organizations also admitted that they had little or no confidence in their ability to detect breaches.
A recent online article about the growing number of data breaches in the healthcare industry points to the increasing use of technology as a source of significant concern. So, while you may have great “credit monitoring” services in place, this won’t protect you when medical fraud invades your privacy. It is time to consider the ways to protect yourself beyond your financial accounts.
So here is your warning from First Financial. Get protected against the risks of healthcare fraud and personal ID theft and do it for less than you can imagine with our ID Theft Protection Products. This protects YOUR WHOLE FAMILY!
T.H.I.N.K First because There’s Harm In Not Knowing
*Identity Theft insurance underwritten by subsidiaries or affiliates of Chartis Inc. The description herein is a summary and intended for informational purposes only and does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for terms, conditions, and exclusions of coverage. Coverage may not be available in all jurisdictions.